News

Plastics manufacturer Proplastics reported an after tax profit of $680 000 in the full-year to December from $652 000 last year, driven by a 13 percent increase in sales. Chief…

The deputy leader of the Zimbabwe African National Union-Patriotic Front Women’s League Eunice Sandi-Moyo today said demonstrations against her yesterday are a non-event. She is only going to respond if…

Financial group FBC Holdings yesterday reported a 21 percent increase in after-tax profit from $18.1 million recorded in the previous year to $21.9 million on improved total income from banking…

Zimbabwe’s legislators, currently earning $1 124 a month and a representation allowance of $1 046, would like to have their salaries pegged at $4 000 to $10 000. The reason,…

Meikles Limited’s foray into mining faces uncertainty following the withdrawal of its foreign joint venture partner, Centar Limited. Announcing Meikles’ belated 2016 financials, chairman John Moxon announced that Centar had…

Shangani Energy Exploration says it is in talks with the government to approve the renewal of its grants worth $780 million which will enable it to source funds to start…

Mortgage lender National Building Society (NBS) registered an operating loss of $2.98 million in its debut year to December 31, 2016 as set-up costs outstripped income, finance director Ethel Chitanda…

Clothing retail chain Edgars Stores’ net profit dropped nearly 90 percent to $548 000 from $4.57 million after a 19 percent drop in sales. Merchandise sales were $50.3 million for…

Ethiopian Airlines says it is ready to launch its maiden flight into Victoria Falls on Sunday and has already opened an office in the resort town. Africa’s largest cargo and…

Zimbabwe’s trade deficit stood at $309.7 million in the first two months of 2017 after exports fell 7 percent as the country continues to rely on imported products, latest trade…